Common use of Term; Termination of Agreement Clause in Contracts

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 22 contracts

Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc), Advisory Agreement (Wells Core Office Income Reit Inc), Advisory Agreement (Wells Core Office Income Reit Inc)

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Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of for one year from the date hereofof this Agreement, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 8 contracts

Samples: Advisory Agreement (Rich Uncles NNN REIT, Inc.), Advisory Agreement (Rich Uncles NNN REIT, Inc.), Advisory Agreement (Rich Uncles NNN REIT, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of for one year from the date hereofof this Agreement, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for have a term of no more than one year.

Appears in 3 contracts

Samples: Advisory Agreement (Rw Holdings NNN Reit, Inc.), Advisory Agreement (Rw Holdings NNN Reit, Inc.), Advisory Agreement (Rw Holdings NNN Reit, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 3 contracts

Samples: Advisory Agreement (CNL Lifestyle Properties Inc), Advisory Agreement (CNL Lifestyle Properties Inc), Advisory Agreement (CNL Lifestyle Properties Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofJune 16, 2000, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor or annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (CNL Hospitality Properties Inc), Advisory Agreement (CNL Hospitality Properties Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofEffective Date, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (Wells Timber Real Estate Investment Trust, Inc.), Advisory Agreement (Wells Timber Real Estate Investment Trust, Inc.)

Term; Termination of Agreement. This Subject to Section 17 hereof, this Agreement shall continue in force until the first anniversary of the date hereof. Thereafter, subject to this Agreement may be renewed for an unlimited number of successive one-year renewals terms upon mutual consent of the parties. The Company, acting through the Board, including a majority of the Independent Directors Committee, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (Cornerstone Growth & Income REIT, Inc.), Advisory Agreement (Cornerstone Growth & Income REIT, Inc.)

Term; Termination of Agreement. This Subject to Section 15 hereof, this Agreement shall continue in force until the first anniversary of the date hereofEffective Date. Thereafter, subject to this Agreement may be renewed for an unlimited number of successive one-year renewals terms upon mutual consent of the parties. The Company, acting through the BoardBoard of Directors, including a majority of the Independent Directors Committee, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (Sentio Healthcare Properties Inc), Advisory Agreement (Cornerstone Healthcare Plus Reit, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofSeptember 16, 2001, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (CNL Retirement Properties Inc), Advisory Agreement (CNL Retirement Properties Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Board to evaluate the performance of the Advisor or annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Form of Advisory Agreement (Wells Real Estate Investment Trust Iii Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofthrough December 31, 2011, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofFebruary , 2007, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Orange REIT, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofMarch 31, 2005, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (CNL Hotels & Resorts, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofApril 19, 1999, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor or annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (CNL American Properties Fund Inc)

Term; Termination of Agreement. This Subject to Section 16 hereof, this Agreement shall continue in force until the first anniversary of the date hereof. Thereafter, subject to this Agreement may be renewed for an unlimited number of successive one-year renewals terms upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Cornerstone Core Properties REIT, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofthrough July 31, 2011, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor or annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Form of Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)

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Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofthrough June 30, 2009, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofthrough April 30, 2008, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofDecember 31, 2007, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofApril 19, 1998, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor or annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (CNL American Properties Fund Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereof, 2003, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (CNL Hospitality Properties Inc)

Term; Termination of Agreement. This Subject to Section 16 hereof, this Agreement shall continue in force until the first anniversary of the effective date hereof. Thereafter, subject to this Agreement may be renewed for an unlimited number of successive one-year renewals terms upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Cornerstone Core Properties REIT, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofthrough August 31, 2011, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofApril , 2007, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through It is the Board, will duty of the Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (CNL Income Properties Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through the BoardSponsoring Member, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Wells Mid-Horizon Value-Added Fund I LLC)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofJune 10, 2013, subject to an unlimited number of successive one-renewals of no more than one year renewals upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one yearat least annually.

Appears in 1 contract

Samples: Advisory Agreement (Wells Core Office Income Reit Inc)

Term; Termination of Agreement. This Agreement shall continue in force until the first anniversary of the date hereofthrough December 31, 2010, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. The Company, acting through the Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)

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